1609 S State RdOmerMI48749
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1609 S State Rd, Omer, MI, 48749 in Omer speaks for itself: 20.32% gross on a $195,000 price, generating $3,302/mo in rent and $2,016/mo in net income after the $877/mo debt service. DSCR 3.77, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $24,198 stacks alongside $53,875 in projected five-year appreciation and $1,796/yr in principal reduction. Projected total cumulative return: $204,037.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 20.3% | 9.1% |
| Monthly Cash Flow | $2,016 | $550 |
City averages based on Omer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,302 |
| Total Monthly Debt Service | $1,208 |
| DSCR Ratio | 2.73x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in N/A
18.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48749, Omer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 352 (65.7%) |
| Renter Occupied HU | 42 ( 7.8%) |
| Vacant Housing Units | 142 (26.5%) |
| Median Home Value | $136,538 |
| Average Home Value | $184,276 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
483
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in N/A
18.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48749, Omer, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 536 (100%) |
| Owner Occupied HU | 352 (65.7%) |
| Renter Occupied HU | 42 ( 7.8%) |
| Vacant Housing Units | 142 (26.5%) |
| Median Home Value | $136,538 |
| Average Home Value | $184,276 |
Housing Distribution
Address Breakdown
Residential
483
Single Family
483
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices